Cargo Theft of Food

Between 2010 and 2012, food was the most stolen item taken during cargo thefts in the United States, according to Freight Watch International. In 2012, food items were invovled in 19 percent of all cargo thefts, followed by electronic parts being involved in 18 percent of cargo thefts, base materials in 9 percent, and apparel in 8 percent of thefts.

The food has a high resale value on the black market, with food items being sold at 70 cents to the dollar. In comparison, electronic goods are sold at 30 cents to the dollar on the black market.

Source:  Venessa Wong, “The Growing Black Market for Stolen Food,” Bloomberg Businessweek, May 8, 2013.